Miscellaneous Discussion Thread II
Quote: gordonm888Quote: rxwineQuote: AutomaticMonkeyQuote: rxwineQuote: odiousgambitusing centrifugal force to create artificial gravity is such an obvious idea that you have to ask why we arent' already doing it. Well, there are problems
Quote: googled summary (AI)The main problems with centrifugal artificial gravity, which is created by rotating a spacecraft to generate a force similar to gravity, are: disorientation and motion sickness caused by the Coriolis effect, uneven gravity distribution within the rotating structure, potential for instability due to mass shifts, and the need for very large structures to achieve a comfortable level of artificial gravity at reasonable rotation speeds; making it impractical for current spacecraft design
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Reminds me, I need to give Elon a call and ask him why he launches rockets from a stationary position, when you could propel them along the ground first on a rail like a bullet train using ground energy, then up a curved track before igniting the onboard fuel.
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He's busy, so I'll take that call. The first problem you'll have is the force on the craft and the track as you are in that curve. Huge! And if any part of the system fails you have a crash.
Second problem is what happens if you are at speed, coming to the end of the track, and the rockets don't ignite? Also crash.
I think a more viable system is to launch rockets off the backs of big cargo planes, like the original plan for the Space Shuttle was. That way the craft is already up to Mach 0.8-0.9 by the time you ignite, you are out of the thickest part of the atmosphere, and you can launch at any location or azimuth just by flying the plane, and abort by landing the plane.
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See, I was thinking of a novel energy source, like thermal vents for the ground part of the launch. I believe you would use the same amount of fuel overall launching from a plane, like a missile. But, if you use a stored energy, that perhaps can be built up over time then released during the launch you can avoid some of the onboard fuel use you would need for a stationary rocket launch or plane/rocket combo. The force on the rail could be mitigated by using a natural run up a mountain, real, or perhaps man made.
I'm using all my imaginary non-engineering experience. Hah.
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Using a mountain to handle the force as the track curves upward will not help with the force on the cylindrical rocket- it will get torn apart because of the forces perpendicular to the walls of the cylinder.
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It will move along its track in a tesla steel condom which will retract when it reaches vertical ascent.
Or implode.
Quote: rxwineAs that probably won't work, it will explode. Hey!
Or implode.
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I believe the official term is "undergo spontaneous rapid disassembly".
Quote: Dieter
I believe the official term is "undergo spontaneous rapid disassembly".
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That's my favorite also!
Someday I may be able to use it in a real-life situation. Maybe I'll start working on a deep-water submersible of novel design.
I laid the stuff out and made an inventory of what was missing. The piece was particle board, and it looked like it would be simple enough.
The bottom half was 2'x3', and featured a 15 cubby hole feature that went together like clockwork. Some liberal glue application and four screws, and I had a free-standing piece.
The top started out simple but was missing four pieces of key hardware.I thought I could assemble it so it was equally strong as the bottom, but it would have to sit on top of it, rather than the two forming a single unit.
I put the bottom unit in place and sat the top unit on it.
What occurred next is what I'll call an unscheduled spontaneous rapid disassembly.
Quote: billryanMy neighbor bought an Ikea-type bookshelf/entertainment center at a used shop. It was missing all the screws and hardware, so he was throwing it out. I took it, and said I'd take care of him- if I got it together.
I laid the stuff out and made an inventory of what was missing. The piece was particle board, and it looked like it would be simple enough.
The bottom half was 2'x3', and featured a 15 cubby hole feature that went together like clockwork. Some liberal glue application and four screws, and I had a free-standing piece.
The top started out simple but was missing four pieces of key hardware.I thought I could assemble it so it was equally strong as the bottom, but it would have to sit on top of it, rather than the two forming a single unit.
I put the bottom unit in place and sat the top unit on it.
What occurred next is what I'll call an unscheduled spontaneous rapid disassembly.
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Okay, that was funny. I was totally taken in, thinking the at the end you were going to reveal a mental picture of the finished unit.
a: $25
b: $25,000
c. $250,000
d. Some other amount
Quote: rxwineThe below painting sold for.
a: $25
b: $25,000
c. $250,000
d. Some other amountd: around $100 million dollars
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Is it upside down?
Quote: billryan
Is it upside down?
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If someone tries to sell you an upside down one, it's probably a fake.
The NYT pays people to spam?Quote: lunaleee22The NYT [deleted] offers a daily challenge for puzzle enthusiasts, ranging from easy to expert difficulty levels. Its sleek design and intuitive interface make solving fun and engaging for all ages. Perfect for sharpening your logic skills, it’s available both online and through the NYT app.
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LINKQuote: Story by James Felton at MSNA near-Earth "asteroid" recently spotted by astronomers poring through telescope data has turned out to be Elon Musk's car.
…<SNIP>…
The Tesla Roadster, which Elon Musk drove personally prior to launch, is now on an orbit that crosses the orbit of Mars and Earth.
…<SNIP>…
Keeping an eye on the car isn't exactly astronomers' most pressing concern, but a few have tried to calculate the fate of the vehicle, and whether it poses a threat to Earth.
…<SNIP>…
Fortunately for Musk, this will happen on a timescale of millions of years, and is unlikely to affect Tesla stock prices.
Quote:Google says it's now hardening defenses against a sophisticated account takeover scam documented by a programmer last week.…
Apparently, it authenticated against multiple safeguards. I'm just never trusting anything online, I guess. I don't have the skills to figure out if something is real online.
Then, he disappeared, and no one knew what had happened. We were afraid he had been a victim of foul play until someone ran into him in Florida. He won a lottery prize that paid him about sixty grand for the next twenty-five years. He lost contact with almost everyone and didn't go to his step-son funeral.
Eddie is now back in NY, having pissed away the money, and claiming he needs four more quarters of work to qualify for social security, as he worked his adult life off the books.
He's got to be well over seventy, broke, and trying to re-establish connections he burned twenty-five years ago.
I would never spend anywhere near that much on a TV.even if I had $4000 to buy it or have to buy $4000 of frozen peas,
It's getting so YouTubers are so hyper-talking fast I have to slow the playback speed down to 0.75X. It also works for concerts where you want to hear more instrumentation because they are playing too fast.
We NEED to talk about the Galaxy S25 Ultra S Pen
Galaxy S25 Ultra - Change These NOW! - 3 hours ago, 999 views
Samsung Galaxy S25 Ultra - 10 Features No Other Phone Can Do!
1 Week with Samsung Galaxy S25 Ultra - The Good, Bad and the Ugly
Samsung's latest trio of flagship phones pack a few hardware and connectivity upgrades, including Wi-Fi 7 and Bluetooth 5.4 support. However, the base model, 6.2-inch Galaxy S25 still does not include an ultra-wideband (UWB) chip. Meanwhile, both the mid-tier, 6.7-inch Galaxy S25 Plus and high-end, 6.9-inch Galaxy S25 Ultra models feature a UWB chip.
UWB is a relatively new technology that became mainstream with recent Apple and Samsung phones, and is also found on other handsets. Essentially, it's a near-field radio communication protocol optimized for both data transfer and location. With better range and precision than Bluetooth, UWB is ideal for finding other UWB-enabled trackers and devices.
For instance, Samsung's own Samsung SmartTag 2 — an item tracker that you can attach to keys, wallets, or anything else — has a UWB chip for precision finding. While older, standard versions of the SmartTag relied on Bluetooth, the newer model uses UWB. However, for this use case and many others, you'll need a Galaxy S25 Plus or Ultra phone rather than a base Galaxy S25.
https://www.msn.com/en-us/news/technology/does-the-samsung-galaxy-s25-support-uwb/ar-AA1yc4O6?rc=1&ocid=winp1taskbar&cvid=c0c07d509e8b40fe95258e0d60223c6c&ei=16
Quote:former deep-sea treasure hunter who has served nearly a decade in jail for refusing to disclose the whereabouts of missing gold coins has had that term ended by a federal judge in Ohio, but he will remain behind bars for now.
U.S. District Judge Algenon Marbley agreed Friday to end Tommy Thompson's sentence on the civil contempt charge, saying he "no longer is convinced that further incarceration is likely to coerce compliance." However, he also ordered that the research scientist immediately start serving a two-year sentence he received for a related criminal contempt charge, a term that was delayed when the civil contempt term was imposed.
Thompson has been held in contempt of court since Dec. 15, 2015, and also incurred a daily fine of $1,000. In his ruling, Marbley assessed Thompson's total civil contempt fine at $3,335,000.
Thompson's case dates to his discovery of the S.S. Central America, known as the Ship of Gold, in 1988. The ship sank in September 1857, along with 425 passengers and crewmembers and 30,000 pounds of federal gold from the new San Francisco Mint to create a reserve for banks in the eastern U.S. The ship was located by Thompson and his team more than 7,000 feet below the surface.
Despite an investor lawsuit and a federal court order, Thompson still won't cooperate with authorities trying to find 500 coins minted from some of the gold, according to court records. He has previously said, without providing details, that the coins — valued at about $2.5 million — were turned over to a trust in Belize.
Bianca Censori, wife of Kanye West wore a "nude dress" - completely see thru to the Grammy awards
really over the top
you can see EVERYTHING
don't wanna post a pic - maybe it's against the rules
if you wanna see it just put "Bianca Censor nude dress" in google and then click image and then click safe search off
our world just keeps getting crazier and crazier -
.
Quote: lilredrooster.
Bianca Censori, wife of Kanye West wore a "nude dress" - completely see thru to the Grammy awards
really over the top
you can see EVERYTHING
don't wanna post a pic - maybe it's against the rules
if you wanna see it just put "Bianca Censor nude dress" in google and then click image and then click safe search off
.
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Yeah, that would be against the PG-13 rule we strive for.
That said, a number of the photographers did a heck of a job finding angles to show the fact that you could see everything, without really showing anything. That's impressive.
Quote: Dieter
Yeah, that would be against the PG-13 rule we strive for.
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One can still do interesting things with clothes on, in my humble opinon.
Quote: rxwineQuote: Dieter
Yeah, that would be against the PG-13 rule we strive for.
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One can still do interesting things with clothes on, in my humble opinon.
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Right. That's just off-topic.
Quote: rxwineThe below painting sold for.
d: around $100 million dollars
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Rothko
The Salvador Mundi, attributed to da Vinci, was sold at auction in New Orleans for $1,000 plus $175 commission in 2005.
It was restored, and after changing hands a few times, it was purchased by the Saudi Prince MBS for $450 million in 2017.
Quote: lilredrooster.
Bianca Censori, wife of Kanye West wore a "nude dress" - completely see thru to the Grammy awards
really over the top
you can see EVERYTHING
don't wanna post a pic - maybe it's against the rules
if you wanna see it just put "Bianca Censor nude dress" in google and then click image and then click safe search off
our world just keeps getting crazier and crazier -
.
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I think she looks great. Got a body like that why not show it off while you can. Believe me half the men there who saw her were jealous of Kanye West.
Quote: lilredrooster.
Bianca Censori, wife of Kanye West wore a "nude dress" - completely see thru to the Grammy awards
really over the top
you can see EVERYTHING
don't wanna post a pic - maybe it's against the rules
if you wanna see it just put "Bianca Censor nude dress" in google and then click image and then click safe search off
our world just keeps getting crazier and crazier -
.
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I prefer the un-Censori’d version…
No, I didn’t register it. I’m a crazy risk taker.
Companies tracking what things you look at online and raise the price is the short of it. Not totally sure how this works, as I would go look at multiple sites if possible. But perhaps, many people don’t. Some people doing it, makes them money.
It's about 250 miles one way, but the trip was a little over 700 miles.
On the way up, I passed a casino I'd never seen before- Twisted Stick. The place is huge and seems quite elegant.
Today, as I opened Yahoo to checkout the news, I was greeted by an ad for Twisted Stick. I thought it was quite a coincidence until I watched a YouTube video and an ad came on for it. I had charged my car about twenty miles away, but I have no idea how they tracked me. Is my Honda selling advertising leads?
Quote: billryanOver the last few days, I drove up to Payson and back from Tucson. There was a direct drive, but I returned via a serpentine route.
It's about 250 miles one way, but the trip was a little over 700 miles.
On the way up, I passed a casino I'd never seen before- Twisted Stick. The place is huge and seems quite elegant.
Today, as I opened Yahoo to checkout the news, I was greeted by an ad for Twisted Stick. I thought it was quite a coincidence until I watched a YouTube video and an ad came on for it. I had charged my car about twenty miles away, but I have no idea how they tracked me. Is my Honda selling advertising leads?
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I don’t think current laws are keeping up with the rate of technology. Companies have been known to exploit capabilities not covered by any law before.
Quote: billryanOver the last few days, I drove up to Payson and back from Tucson. There was a direct drive, but I returned via a serpentine route.
It's about 250 miles one way, but the trip was a little over 700 miles.
On the way up, I passed a casino I'd never seen before- Twisted Stick. The place is huge and seems quite elegant.
Today, as I opened Yahoo to checkout the news, I was greeted by an ad for Twisted Stick. I thought it was quite a coincidence until I watched a YouTube video and an ad came on for it. I had charged my car about twenty miles away, but I have no idea how they tracked me. Is my Honda selling advertising leads?
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The exact mechanics of "how" are interesting, but... there are likely several methods.
Google tries to keep a location history, which might be useful, the YouTube app asks for location information, and somewhat interestingly to me, some ads seem to be targeted based on IP address history - so if my phone is assigned an address out of Denver as I drive by, I end up seeing ads for Denver roofing companies and Denver political campaigns for a few days.
Same sort of thing with Scranton or Cleveland.
Quote: DieterQuote: billryanOver the last few days, I drove up to Payson and back from Tucson. There was a direct drive, but I returned via a serpentine route.
It's about 250 miles one way, but the trip was a little over 700 miles.
On the way up, I passed a casino I'd never seen before- Twisted Stick. The place is huge and seems quite elegant.
Today, as I opened Yahoo to checkout the news, I was greeted by an ad for Twisted Stick. I thought it was quite a coincidence until I watched a YouTube video and an ad came on for it. I had charged my car about twenty miles away, but I have no idea how they tracked me. Is my Honda selling advertising leads?
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The exact mechanics of "how" are interesting, but... there are likely several methods.
Google tries to keep a location history, which might be useful, the YouTube app asks for location information, and somewhat interestingly to me, some ads seem to be targeted based on IP address history - so if my phone is assigned an address out of Denver as I drive by, I end up seeing ads for Denver roofing companies and Denver political campaigns for a few days.
Same sort of thing with Scranton or Cleveland.
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Between Thanksgiving and Christmas I bought an electric blanket and a toaster. Everywhere I go on the internet I still see ads pop up for blankets and toasters. God knows how many years this will keep going on. Why does the algorithm think I'm still looking for these items 3 months after I bought them.
Quote: EvenBobQuote: DieterQuote: billryanOver the last few days, I drove up to Payson and back from Tucson. There was a direct drive, but I returned via a serpentine route.
It's about 250 miles one way, but the trip was a little over 700 miles.
On the way up, I passed a casino I'd never seen before- Twisted Stick. The place is huge and seems quite elegant.
Today, as I opened Yahoo to checkout the news, I was greeted by an ad for Twisted Stick. I thought it was quite a coincidence until I watched a YouTube video and an ad came on for it. I had charged my car about twenty miles away, but I have no idea how they tracked me. Is my Honda selling advertising leads?
link to original post
The exact mechanics of "how" are interesting, but... there are likely several methods.
Google tries to keep a location history, which might be useful, the YouTube app asks for location information, and somewhat interestingly to me, some ads seem to be targeted based on IP address history - so if my phone is assigned an address out of Denver as I drive by, I end up seeing ads for Denver roofing companies and Denver political campaigns for a few days.
Same sort of thing with Scranton or Cleveland.
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Between Thanksgiving and Christmas I bought an electric blanket and a toaster. Everywhere I go on the internet I still see ads pop up for blankets and toasters. God knows how many years this will keep going on. Why does the algorithm think I'm still looking for these items 3 months after I bought them.
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Maybe they think you like the toaster so much, you'll want to send another one as a gift.
Quote: EvenBobQuote: DieterQuote: billryanOver the last few days, I drove up to Payson and back from Tucson. There was a direct drive, but I returned via a serpentine route.
It's about 250 miles one way, but the trip was a little over 700 miles.
On the way up, I passed a casino I'd never seen before- Twisted Stick. The place is huge and seems quite elegant.
Today, as I opened Yahoo to checkout the news, I was greeted by an ad for Twisted Stick. I thought it was quite a coincidence until I watched a YouTube video and an ad came on for it. I had charged my car about twenty miles away, but I have no idea how they tracked me. Is my Honda selling advertising leads?
link to original post
The exact mechanics of "how" are interesting, but... there are likely several methods.
Google tries to keep a location history, which might be useful, the YouTube app asks for location information, and somewhat interestingly to me, some ads seem to be targeted based on IP address history - so if my phone is assigned an address out of Denver as I drive by, I end up seeing ads for Denver roofing companies and Denver political campaigns for a few days.
Same sort of thing with Scranton or Cleveland.
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Probably figures the toaster broke by now.
Between Thanksgiving and Christmas I bought an electric blanket and a toaster. Everywhere I go on the internet I still see ads pop up for blankets and toasters. God knows how many years this will keep going on. Why does the algorithm think I'm still looking for these items 3 months after I bought them.
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I read that Ms. St. Marie had a very prestigious honor stripped from her by grand poobahs in Canada. I hadn't heard or thought about her in years. The award seems to have been taken from her because she isn't a Native as she claimed.
Buffy was one of the top female singers in the seventies and represented herself as a native who a white family adopted as a child. She always said she never knew her birth parents or what tribe she was born into. She always maintained she was adopted by a loving family, the Santa Marias, and raised as a family member, with no memories of not being with that family. She was an activist for Native causes and fought to get adoption papers unsealed so adopted children could find their past.
An investigative reporter recently uncovered her birth certificate, which indicates she was born in Boston and to the couple that claimed they adopted her. St. Marie maintains her family told her that she was adopted and has no idea why her parents would say that to her.
Some unnamed relatives claim St. Marie paid them off over the years to keep quiet, while she says she was generous with her adopted relatives, many of who had problems keeping a job.
If it is true that her real mother told her she'd been adopted, it is truly bizarre. As of this moment, Google lists her as a Cree, and gives her birth as in Western Canada.
.
Order of Canada people should leave her alone!Quote: billryanThe curious case of Buffy St. Marie
I read that Ms. St. Marie had a very prestigious honor stripped from her by grand poobahs in Canada. I hadn't heard or thought about her in years. The award seems to have been taken from her because she isn't a Native as she claimed.
Buffy was one of the top female singers in the seventies and represented herself as a native who a white family adopted as a child. She always said she never knew her birth parents or what tribe she was born into. She always maintained she was adopted by a loving family, the Santa Marias, and raised as a family member, with no memories of not being with that family. She was an activist for Native causes and fought to get adoption papers unsealed so adopted children could find their past.
An investigative reporter recently uncovered her birth certificate, which indicates she was born in Boston and to the couple that claimed they adopted her. St. Marie maintains her family told her that she was adopted and has no idea why her parents would say that to her.
Some unnamed relatives claim St. Marie paid them off over the years to keep quiet, while she says she was generous with her adopted relatives, many of who had problems keeping a job.
If it is true that her real mother told her she'd been adopted, it is truly bizarre. As of this moment, Google lists her as a Cree, and gives her birth as in Western Canada.
.
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so she isn't an Indian! .................. but she identifies as an Indian so she was just ahead of her time
Quote: rxwineI tried the Chinese gpt DeepSeek. Even though it doesn’t give negative info on the Chinese government, seems pretty lax otherwise. Other than some massive viral bug infecting my system, I don’t see any issues yet.
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They totally dropped the ball by not calling it Confucius.
Then people using the LLM will log in to find out what... you know...
I use the AI on Gab and you can set it to answer as any of a bunch of historical persons, or some "typical" member of an existing demographic. Like a schoolteacher, a prepper, a personal trainer etc. Maybe one day I will open two different instances and have a debate between two historical persons.
The repair shop has over fifty lawsuits, asking for between $3,000 and $15,000 for people using them as electronic dumping grounds. The fine print on their tickets states the person must pick up their equipment if they don't authorize the repairs and states they have a $ 25-a-day fee for unclaimed goods.
Does the fine print on a claim ticket trump common sense? One case is for 450 days of storage on a broken VCR.
Quote: rxwineI tried the Chinese gpt DeepSeek. Even though it doesn’t give negative info on the Chinese government, seems pretty lax otherwise. Other than some massive viral bug infecting my system, I don’t see any issues yet.
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The thing I like about Deepstack is that you can run it locally on your computer without an internet connection. Granted, it runs rather slowly that way but the architecture is solid and portable.
Far from solving anything, this creates a bigger problem. With the penny out of production, it seems obvious the US will need more nickels. That is where the problem lies. It costs roughly 11.5 cents to make each nickel and another three cents to distribute one.
A 50% increase in producing 5-cent coins will cost almost double the savings of not making the one-cent coin.
The mint has recently cut nickel production back, as the materials needed have jumped 20% since Covid. Meanwhile, the cost of producing a one-cent coin has remained steady.
What is being called a cost-cutting move will end up costing more. It is a perfect example of why cost-cutting is hard to achieve and must be done carefully. Hap hazard budget slashes almost always cost far more than they save.
Quote: billryantrump ordered the Mint to stop the production of pennies. He says spending three cents to make a coin worth a penny is ridiculous. I have no problem with the decision, although I believe it should have come from Congress.
Far from solving anything, this creates a bigger problem. With the penny out of production, it seems obvious the US will need more nickels. That is where the problem lies. It costs roughly 11.5 cents to make each nickel and another three cents to distribute one.
A 50% increase in producing 5-cent coins will cost almost double the savings of not making the one-cent coin.
The mint has recently cut nickel production back, as the materials needed have jumped 20% since Covid. Meanwhile, the cost of producing a one-cent coin has remained steady.
What is being called a cost-cutting move will end up costing more. It is a perfect example of why cost-cutting is hard to achieve and must be done carefully. Hap hazard budget slashes almost always cost far more than they save.
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Get rid of the nickel and make the penny the new nickel. Penny gone. New nickel. No new minting. (probably)
Quote: rxwineQuote: billryantrump ordered the Mint to stop the production of pennies. He says spending three cents to make a coin worth a penny is ridiculous. I have no problem with the decision, although I believe it should have come from Congress.
Far from solving anything, this creates a bigger problem. With the penny out of production, it seems obvious the US will need more nickels. That is where the problem lies. It costs roughly 11.5 cents to make each nickel and another three cents to distribute one.
A 50% increase in producing 5-cent coins will cost almost double the savings of not making the one-cent coin.
The mint has recently cut nickel production back, as the materials needed have jumped 20% since Covid. Meanwhile, the cost of producing a one-cent coin has remained steady.
What is being called a cost-cutting move will end up costing more. It is a perfect example of why cost-cutting is hard to achieve and must be done carefully. Hap hazard budget slashes almost always cost far more than they save.
link to original post
Get rid of the nickel and make the penny the new nickel. Penny gone. New nickel. No new minting. (probably)
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What effect would the 5X increase in value on the billions of one-cent coins in circulation have? I've about thirty dollars in pennies that I can't bother rolling and cashing in. If they are worth $150, I'd spend the hours needed.
I like your idea, but it needs some studying.
What becomes of the billions of 5-cent coins currently in circulation?
What becomes of the billions of 5-cent coins currently in circulation?
If everything is being rounded to the next $0.05 I don’t see how this is going to significantly increase the number of nickels needed.
I mean obviously $1.03 is now $1.05. But if you pay with $2 you’re getting $0.95 in change (3 quarters and 4 dimes).
I can’t really come up with a scenario that is going to cause a significant change in nickels needed.
Quote: billryanThere are roughly 2.5 billion dollars worth of pennies in circulation. Raising their value by 5X would add ten billion dollars to the money supply.
What becomes of the billions of 5-cent coins currently in circulation?
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Buy back nickels with a newly minted penny. The newly minted penny would for a while be the only penny worth a nickel. All other pennies would still be a penny. All nickels would still be worth 5 cents. You'd have a limited time to get rid of all your nickels before they would only be for collectors. Old pennies would only be worth a penny. Every time a new year of pennies which are now worth a nickel are minted, they would be worth a nickel.
Quote: linksjunkieNot sure I agree that more nickels will be needed. Why do you feel this way?
If everything is being rounded to the next $0.05 I don’t see how this is going to significantly increase the number of nickels needed.
I mean obviously $1.03 is now $1.05. But if you pay with $2 you’re getting $0.95 in change (3 quarters and 4 dimes).
I can’t really come up with a scenario that is going to cause a significant change in nickels needed.
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the last time that happened the government confiscated all the pertinent coins, keeping more than a few coins punishable by fine up to $10,000Quote: billryanThere are roughly 2.5 billion dollars worth of pennies in circulation. Raising their value by 5X would add ten billion dollars to the money supply.
What becomes of the billions of 5-cent coins currently in circulation?
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then they increased the value of the coins by decree like you are describing, these coins only the govt. had
Now you can say I'm coming down hard on the Gov., but I recognize there was a certain argument for doing that, it was the Great Depression and the gold-backing-the-dollar problem was a real quandary. It hurt people hoarding gold, arguably only the 'rich'. It's kind of fun now to tell the truth as to what happened, though, no? You didn't hear it told that way in history class, did you?
https://en.wikipedia.org/wiki/Executive_Order_6102 .
Quote: rxwineQuote: billryanThere are roughly 2.5 billion dollars worth of pennies in circulation. Raising their value by 5X would add ten billion dollars to the money supply.
What becomes of the billions of 5-cent coins currently in circulation?
link to original post
Buy back nickels with a newly minted penny. The newly minted penny would for a while be the only penny worth a nickel. All other pennies would still be a penny. All nickels would still be worth 5 cents. You'd have a limited time to get rid of all your nickels before they would only be for collectors. Old pennies would only be worth a penny. Every time a new year of pennies which are now worth a nickel are minted, they would be worth a nickel.
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rxwine,
Demonitization of the nickel would require amending the Coinage Act of 1965, which says in part:
"SEC. 102. All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues."
Note that the United States has never demonitized any money: thus, you are free to spend your old half dimes and three cent pieces at face value ;-)
Even those rare 20-cent pieces are still legal tender.
Dog Hand
